Samsung Galaxy S10 images show embedded cryptocurrency wallet | Bitcoin post-issuance: an existential threat | Robinhood Crypto coming to New York after firm nabs coveted BitLicense

Bitcoin $3,604                    Ethereum $117.48     
Crypto Mkt Cap $120B              BTC Dominance 52.4%  

“While this year will be another proving ground for cryptocurrencies, we believe digital currencies will have a role in the future." — Adena Friedman, Nasdaq president and CEO

The Big Block

Newly leaked images of Samsung’s flagship Galaxy S10 device show support for cryptocurrencies within the device. The “Samsung Blockchain KeyStore” is described as both “a secure and convenient place for your cryptocurrency” and a place to “secure and manage your blockchain private key.”

A user may import an existing wallet to transfer existing cryptocurrency. The image shows that multiple cryptocurrencies are supported, although only Ethereum is named directly. Additionally, a user may create a new cryptocurrency wallet with Samsung Blockchain KeyStore.

Previous leaks in December had implied that Samsung’s Galaxy S10 would include a wallet app with two parts: 1) a cold wallet for storing cryptocurrency and private keys and 2) a hot wallet for crypto transactions. 

Read More on The Block (2 Minutes)

Around The Block

Bitcoin post-issuance: an existential threat

Bitcoin acolytes often cite the network’s predictable, finite, supply schedule as its most alluring feature. A marked departure from global central banks’ propensity to inflate money supply, the hard-coded 21 million cap ensures that savings held in Bitcoin will retain value over time. This property ostensibly confers ‘sound money’ characteristics, positively positioning Bitcoin as a viable contender for global reserve currency status. — More

Robinhood Crypto coming to New York after firm nabs coveted BitLicense

Robinhood, the California-based broker, now has the green light from regulators in the state of New York to open up shop, the firm said Thursday

The company announced that the New York Department of Financial Services granted Robinhood the so-called BitLicense, which is only held by a handful of crypto companies including Genesis Trading and payments firm Square. The agency also granted LibertyX a license. — More

New York Stock Exchange parent company has expanded its crypto data product — More

Novogratz’s Galaxy Digital reportedly set to raise a $250M fund to help needy crypto firms — More

Wattpad announces new publishing division driven by machine learning tech — More

Steemit appoints new CEO in the wake of mass layoffs — More

US government shutdown gets in the way of the data-dependent Federal Reserve — More

Circle Research reflects on 2018 with an eye toward the future — More

PayPal CEO Dan Schulman pooh-poohs Bitcoin’s payments potential — More

Blockchain enables limited support for Bitcoin SV but has no plans to enable full functionality — More

OKCoin becomes majority share owner of a Hong Kong-listed company — More

Ripple to sponsor blockchain research at top Beijing university — More

Mastercard is fined $650 million by the EU for artificially raising costs of card payments — More